Budget
About the Budget
The town's budget:
- Establishes a priority of how funds are allocated between town departments and program areas
Is the annual income and spending plan that serves as aroad map for the delivery of services to the residents of Shrewsbury- Provides an itemized account of planned spending
- Reflects planned spending to operate the town in the 12 months beginning July 1 of the following year
Click HERE to download the Citizen's Guide to the Budget
Budget Calendar
| August/September | • Identify Goals & Strategic Needs |
|---|---|
| October | • Capital Budget Forms Sent out to Department Heads
• Selectmen Discuss Revenue Trends & Projections
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| November | • Capital Requests Submitted by Department Heads and Reviewed by Town Manager
• Selectmen Discuss Revenue Trend & Projection and set Fiscal Policies
• Town Manager Releases Budget Guidance to Department Heads
• Tax Classification Hearing & Final Tax Rate Set
|
| December | • Departmental Budgets are Due to the Town Manager
• Town Manager Develops Operating Budget
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| January | • Selectmen Hold Workshops to Review Available Revenue and Departmental Requests |
| February | • Town Manager Releases Initial Budget (Fiscal Projection 1) and presents to the Finance Committee and Board of Selectmen |
| March | • Finance Committee Holds a Series of Budget Hearings with Department Heads and Seeks Public Input |
| April | • Finance Committee Holds a Hearing on Annual Town Meeting Articles and the Fiscal Year Budget
• Board of Selectmen & Finance Committee Vote on the Budget (Fiscal Projection 2)
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| May | • Annual Town Meeting (3rd Monday) |
| June/July | • Current Fiscal Year Ends on June 30th
• New Fiscal Year Begins on July 1st
• State Budget Typically Passed with Final State Aid Numbers (a/k/a “Cherry Sheets”)
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Town of Shrewsbury Obtains AAA Bond Rating, $45,690,000 General Obligation Bonds Net 1.418%
The Board of Selectmen have announced that the Town received competitive bids from bond underwriters on 1/12/2021, for a $45,690,000 20-year bond issue with an average interest rate of 1.418% and a AAA Bond Rating. Read on... -
Public Parking in Town Center
Public Parking is now available at the Old Beal School, 1 Maple Avenue, in Shrewsbury’s Town Center District! Read on...
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Fiscal Year 2020 Budget Documents
- FY 20 Financial Plan - Fiscal Projection 2 - April 18, 2019
- FY 20 Financial Plan - Fiscal Projection 1 - February 8, 2019
- FY20 Financial Objectives Nov 13, 2018 - v.1.0
- FY22 Financial Policies Nov 13, 2018 - v.1.0_Reviewed 11_24_2020
- FY 20 Revenue Manual - November 13, 2018 - v.1.2
- FY 20 Planning & Economic Development Supp. Materials
- CY 2018 Fire Department Report
- FY20 Library Action Plan